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JPMorgan Chase is being sued for a foreclosure, but not in the way many would anticipate. A wrongful death lawsuit has been filed against the bank after a man had a heart attack after foreclosure. The lawsuit contends Chase caused the death of Harry Engel by heart attack in 2010.
Foreclosure results in heart attack
Seventy-nine year old Harry Engel's family told the news that they had lived in the same house for 22 years. Then, Chase bank forced them out in foreclosure proceedings. Shortly thereafter, in July 2010, he experienced a heart attack, according to KHOU. His family blames the bank for his condition.
The Engel family lived on a fixed income and had heard of a refinancing program that would lower their rate. They talked to a banker at their local Chase branch, who told them to be able to qualify for the refinancing program through the Department of the Treasury, ostensibly the Making Home Affordable Program, they had to first miss a payment, which they did.
The bank started to send late charges and updates, and he got a notice of foreclosure. Then, he got a notice of eviction and had the heart attack. Evidently the bank started the program and cancelled their enrollment in it.
Getting sued by a widow
The Engel family was not alone. In fact, there were many families given instructions to miss a payment to qualify for the program just to end up getting foreclosed on. Chase had not submitted the foreclosure but was in the early stages when Engel had his heart attack. His wife, Wando Jo Engel, is filing a wrongful death lawsuit against Chase, according to the Huffington Post.
Earlier this year, five of the biggest mortgage lenders in the nation settled with the government for $25 billion due to "robosigning" and other inappropriate practices, according to the LA Times. Part of it was "servicer-led foreclosure," which was what this is called and was talked about in 2010 in a U.S. Senate Banking Committee, according to the Washington Post.
There are other families in the Engel family' positions. In fact, Pamela Flores of GA got kicked out of her home earlier this year after a comparable situation occurred in which the bank promised a modification that did not work out and she wound up in foreclosure.
Casualties of foreclosures
There have been quite a few foreclosure suicides since 2008 when the industry first started to crash, according to USA Today. Distressed homeowners had troubles with their loans and started calling suicide hotlines. This year, there have been a few incidents, two of which were suicides and one which was a murder-suicide. People are crumbling under the pressure of keeping their family together when getting kicked out of a house.
Foreclosure results in heart attack
Seventy-nine year old Harry Engel's family told the news that they had lived in the same house for 22 years. Then, Chase bank forced them out in foreclosure proceedings. Shortly thereafter, in July 2010, he experienced a heart attack, according to KHOU. His family blames the bank for his condition.
The Engel family lived on a fixed income and had heard of a refinancing program that would lower their rate. They talked to a banker at their local Chase branch, who told them to be able to qualify for the refinancing program through the Department of the Treasury, ostensibly the Making Home Affordable Program, they had to first miss a payment, which they did.
The bank started to send late charges and updates, and he got a notice of foreclosure. Then, he got a notice of eviction and had the heart attack. Evidently the bank started the program and cancelled their enrollment in it.
Getting sued by a widow
The Engel family was not alone. In fact, there were many families given instructions to miss a payment to qualify for the program just to end up getting foreclosed on. Chase had not submitted the foreclosure but was in the early stages when Engel had his heart attack. His wife, Wando Jo Engel, is filing a wrongful death lawsuit against Chase, according to the Huffington Post.
Earlier this year, five of the biggest mortgage lenders in the nation settled with the government for $25 billion due to "robosigning" and other inappropriate practices, according to the LA Times. Part of it was "servicer-led foreclosure," which was what this is called and was talked about in 2010 in a U.S. Senate Banking Committee, according to the Washington Post.
There are other families in the Engel family' positions. In fact, Pamela Flores of GA got kicked out of her home earlier this year after a comparable situation occurred in which the bank promised a modification that did not work out and she wound up in foreclosure.
Casualties of foreclosures
There have been quite a few foreclosure suicides since 2008 when the industry first started to crash, according to USA Today. Distressed homeowners had troubles with their loans and started calling suicide hotlines. This year, there have been a few incidents, two of which were suicides and one which was a murder-suicide. People are crumbling under the pressure of keeping their family together when getting kicked out of a house.
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